US tariff hike threatens entire economy, not just garment exports
A proposed 35 per cent tariff on Bangladeshi garment exports to the United States is expected to have far-reaching consequences, extending beyond the $8 billion in annual shipments, according to industry experts and economists. The impending tariff hike, scheduled to take effect on August 1, could ripple through Bangladesh’s entire economic ecosystem, impacting fabric suppliers, textile mills, banks, insurers, and millions of workers.
In a roundtable recently organised in the city, business leaders expressed deep concerns over the potential fallout. AK Azad, chairman and CEO of Ha-Meem Group, warned that if Bangladesh fails to negotiate effectively, the entire supply chain, from raw material suppliers to exporters, could suffer.
Policy barriers, inflation weigh on Dhaka’s property market
Bangladesh’s housing market, particularly in the capital Dhaka, continues to reel under mounting pressure, as soaring construction costs, restrictive urban policies, and rapid urbanisation deepen the country’s affordable housing crisis. Despite a slowdown in new developments, residential property prices remain on a steep upward trajectory, exacerbating the burden on urban dwellers. The absence of reliable official data on property values has further obscured market transparency, though anecdotal evidence and industry reports consistently point to rising costs across the board. [caption id="attachment_33693" align="alignleft" width="491"]Farrukh Khosru:
Container ship service begins between Mongla, Ctg ports
In a significant development aimed at reducing export costs and enhancing trade accessibility in the greater Khulna region, container ships are expected to start operating between Mongla and Chattogram ports on a domestic maritime route from April.
This initiative marks a strategic move to revitalise Mongla Port—Bangladesh’s second seaport—which, after years of grappling with numerous challenges, has now emerged as a profitable and growing hub due to several ongoing development and expansion projects.
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This initiative marks a strategic move to revitalise Mongla Port—Bangladesh’s second seaport—which, after years of grappling with numerous challenges, has now emerged as a profitable and growing hub due to several ongoing development and expansion projects.
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FTA with US can be Bangladesh’s long-term solution
Signing a Free Trade Agreement (FTA) with the United States can be a long-term solution for Bangladesh's trade growth, as the country is the largest export destination for Bangladeshi goods, an economist said on Thursday.
Many believe such a deal may not be possible, but that is not the case, as everything depends on negotiation, said Mustafizur Rahman, distinguished fellow at the Centre for Policy Dialogue (CPD).
He made the comments at a dialogue titled "Trump Reciprocal Tariffs and Bangladesh: Implication...
He made the comments at a dialogue titled "Trump Reciprocal Tariffs and Bangladesh: Implication...
IMF hints at early loan approval amid reform push
The International Monetary Fund (IMF) has expressed confidence in Bangladesh’s long-term economic prospects, noting that with sustained reforms and strategic investments, the country is well-positioned to overcome current challenges and unlock stronger, more inclusive growth.
Concluding its mission to Dhaka, the IMF team, led by Chris Papageorgiou, acknowledged ongoing global and domestic pressures but emphasised the potential for recovery through bold policy a...
India revokes transshipment corridors for Bangladesh
India has officially revoked the transshipment facility that previously allowed Bangladesh to export cargo to third countries via Indian land borders. However, the Indian government has clarified that exports to Nepal and Bhutan, which transit through Indian territory, will remain unaffected.
